Euro Rises on Positive German Data

Germany continues to carry the Eurozone

The euro rose against the dollar on Wednesday after an unexpected rise in German industrial output was seen making a near-term euro zone interest rate cut less likely.

However, analysts were wary about how much the euro could rise given that other recent data from Europe's largest economy has been much gloomier.

The euro rose 0.7 percent to $1.3168 after industrial output rose 1.2 percent during March, against forecasts for a 0.1 percent fall.. It followed surprisingly strong industrial orders on Tuesday.